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Jan 18, 2013
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that reflects the michigan consumer sentiment which dropped dramatically during the fiscal cliff. washington is helping kind of kill consumer confidence because people are saying -- >> washington is hurting the economy. >> washington is hurting the economy. i absolutely believe that is true. because people are saying hey those are the grown-ups and that's what's happening. who is in charge? and it's killing -- every time we get a little better, 2011, the debt ceiling, and today, washington keeps making it worse. >> peter hart, there is also another aspect where the president stands right now and we wanted to put it in historical terms. this is the third straight two-term presidency so the third straight second inaugural we'll have if you will. >> right. >> it is similarities between obama and bush. this has been 2004 and 2012. very similar elections. they're in the same standing. where is the direction of the country, under clinton 46%. 40%. 35%. wrong track, though. clinton 38%. so he was a net positive. both bush and obama facing a net negative. when you see these numbers and yo
that reflects the michigan consumer sentiment which dropped dramatically during the fiscal cliff. washington is helping kind of kill consumer confidence because people are saying -- >> washington is hurting the economy. >> washington is hurting the economy. i absolutely believe that is true. because people are saying hey those are the grown-ups and that's what's happening. who is in charge? and it's killing -- every time we get a little better, 2011, the debt ceiling, and today,...
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Dec 27, 2012
12/12
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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Dec 12, 2012
12/12
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we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he h
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a...
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Dec 31, 2012
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one thing we do want to point out, though, despite the concerns about the fiscal cliff and washington's inability to address it, the markets have had a fairly decent year. the dow is going to close -- if we close where we are right now, up almost 6%. the s&p is up 11.5% and the nasdaq is up just about 13.6%. so, all of this reflects the improvement that we had seen in the economy. of course, the concerns are that those improvements will be hindered if we don't have some action from washington. mika? >> all right, you're also looking at 2012 in review as it pertains to our economy. there were certainly some good things that happened. >> there were, and i think what you have to look at specifically is the housing sector. you know, ever since the bursting of the housing bubble, this has been an area that's struggled, but we have seen continued improvement in the housing sector, most recently on the strong pending home sales numbers for the month of november. and so, that's a bright spot. also, auto sales on track to have their best year since 2007. so, those are two areas you can look at a
one thing we do want to point out, though, despite the concerns about the fiscal cliff and washington's inability to address it, the markets have had a fairly decent year. the dow is going to close -- if we close where we are right now, up almost 6%. the s&p is up 11.5% and the nasdaq is up just about 13.6%. so, all of this reflects the improvement that we had seen in the economy. of course, the concerns are that those improvements will be hindered if we don't have some action from...
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Dec 24, 2012
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as we talk did bsh we've been talking about the stalemate for weeks now about the fiscal cliff in washington d.c. how many affect does that really have on consumers during the holiday season? >> i'm surprised it hasn't had more of an affect. we're really only starting to see it seep into consumer thinking, i think, in the last few days, and to hear that washington has basically left town. it looks very dire for some kind of big deal, and, yet, holiday spending seems to be holding up so far. i mean, anecdotally is t seems to be holding up anyway. we won't know for sure until after the holidays. they seem to be saying, yeah, we know there's some problem in washington, but it's almost as if they're tuning it out and saying we're just going to get along with our holiday. >> as we wait to find the final analysis of what this holiday season really meant, we can talk about the marketses and what we're witnessing there because they were down on friday tumbling about 1% after the republican plan b failed to really get any liftoff and get off the ground. as you say, washington basically shutting down
as we talk did bsh we've been talking about the stalemate for weeks now about the fiscal cliff in washington d.c. how many affect does that really have on consumers during the holiday season? >> i'm surprised it hasn't had more of an affect. we're really only starting to see it seep into consumer thinking, i think, in the last few days, and to hear that washington has basically left town. it looks very dire for some kind of big deal, and, yet, holiday spending seems to be holding up so...
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Nov 17, 2012
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here is what that fight over the fiscal cliff in washington comes down to. the president and the democrats say the wealthy should pay a little more while the republicans say the wealthy already pay too much. let them keep their money, and they'll create jobs for the rest of us they say. well, a little historic perspective shows why the republican argument is false. and veteran journalist hedrick class has been squeezed financially. and sidelined politically. the average worker's salary remained flat and retirement security has largely disappeared. but the pay for ceos has skyrocketed from 40 times the salary of the average company worker in 1980 to 400 times it by 2000 all made possible thanks to powerful corporate interests in washington which shifted the balance of power politically. herick smith joins us now. rick, thank you so much for coming in. i'm going to let you make your message without a lot of q & a. what is the kernel of how people have been squeezed? because they know they've been squeezed. >> everybody tells us the middle class has been squeez
here is what that fight over the fiscal cliff in washington comes down to. the president and the democrats say the wealthy should pay a little more while the republicans say the wealthy already pay too much. let them keep their money, and they'll create jobs for the rest of us they say. well, a little historic perspective shows why the republican argument is false. and veteran journalist hedrick class has been squeezed financially. and sidelined politically. the average worker's salary remained...
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Nov 28, 2012
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makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go
makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to...
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Dec 11, 2012
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making progress on the fiscal cliff in washington, d.c. with the clock ticking away just days left for congress to reach a deal. are we any closer? >>> plus, a staple in hundreds of thousands of african-american homes for decades. "jet" magazine not afraid to make history and doing it again with a ground breaking announcement. >>> supreme court justice scalia raising eyebrows with a comment he made about murdered and homosexuality. if we cannot have moral feelings against homosexuality can we have it against murder, can we have it against other things? our big question for you is should a supreme court justice equate the morality of human sexuality with murder? tweet me at thomasaroberts or find me on facebook. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors wi
making progress on the fiscal cliff in washington, d.c. with the clock ticking away just days left for congress to reach a deal. are we any closer? >>> plus, a staple in hundreds of thousands of african-american homes for decades. "jet" magazine not afraid to make history and doing it again with a ground breaking announcement. >>> supreme court justice scalia raising eyebrows with a comment he made about murdered and homosexuality. if we cannot have moral feelings...
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Nov 13, 2012
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a down day with stocks with investors worried about upcoming meetings on the fiscal cliff in washington. the dow down 59, the slp slips 5 and the nasdaq lower by 20. home depot bucked the trend ending 4% higher. earnings ahead of expectations. after the closing bell earnings from cisco systems beat estimates. revenue was also better than expected sending shares up after hours. that's it from cnbc. we're first in business worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." today president obama began another campaign to get both democrats and republicans working together to avoid the economic mess that looms ahead. the so-called fiscal cliff. well, today he met with labor leaders and leaders in the progressive opportunity to soften the ground for a deal and found out how much leeway they will give him. here is president richard trump ka immediately after the meeting. >> we're committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to, and the president is committed to that as well. are we going to coll
a down day with stocks with investors worried about upcoming meetings on the fiscal cliff in washington. the dow down 59, the slp slips 5 and the nasdaq lower by 20. home depot bucked the trend ending 4% higher. earnings ahead of expectations. after the closing bell earnings from cisco systems beat estimates. revenue was also better than expected sending shares up after hours. that's it from cnbc. we're first in business worldwide. now back to "hardball." ♪ >>> welcome back...
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Aug 11, 2012
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on how they go about the fiscal cliff? >> well, i'm just not certain there's that mandate that exists yet. i mean, there's a lot going on
on how they go about the fiscal cliff? >> well, i'm just not certain there's that mandate that exists yet. i mean, there's a lot going on
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Dec 26, 2012
12/12
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we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respe
we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour...
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Nov 13, 2012
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the first of three meetings this week about the looming fiscal cliff. joining me now from washington d.c. is former 2012 obama travel secretary is st. i got to get your reaction to the president's re-election team. and the fact that out on the campaign trail, no one heard about this petraeus stuff? none of you guys were talking about this in social circles to think that something big was coming like that. >> no one knew. no one still knows. there's an ongoing investigation. obviously, the department of defense has an ongoing investigation looking into general allen's case. general petraeus stepped down on his own accord. >> jen, as we talk about what is now part of the public discussion, the petraeus situation now looking at this investigation into general allen, and big shakeups that were expected to come anyway within the president's cabinet when we talk about at state, at defense and things like that, do you have a feeling which way the president is going to go first in terms of these cabinet slots to fill? >> i don't think anyone knows that except f
the first of three meetings this week about the looming fiscal cliff. joining me now from washington d.c. is former 2012 obama travel secretary is st. i got to get your reaction to the president's re-election team. and the fact that out on the campaign trail, no one heard about this petraeus stuff? none of you guys were talking about this in social circles to think that something big was coming like that. >> no one knew. no one still knows. there's an ongoing investigation. obviously, the...
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Nov 4, 2012
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david brooks in his column writes about the fiscal cliff which happens at the end of this year, big tax increases and also cuts. here's what he writes.er if obama wins, he'll probably romney is more flexible than obama. he has more influence in washington. he is more likely to get big stuff done. savannah, this is a key question. >> it is. and the president has banked on the fact that the election will solve these issues, litigate the issues of whether the bush tax i breaks should be rolled back for the wealthiest of americans. when he caved on that, he said he will answer this two years later with the election. he is also banking on the fact that the republicans will want to work with him after the election. especially when you look at the makeup of congress not likely to change. we'll have the same set of circumstances potentially if obama wins, and yet he is promising that the fever will break post-election. he's got a lot riding on it. >> i think it's going to be a status quo election. and i think if romney wins, for example, he still is looking at a house of representatives that ha
david brooks in his column writes about the fiscal cliff which happens at the end of this year, big tax increases and also cuts. here's what he writes.er if obama wins, he'll probably romney is more flexible than obama. he has more influence in washington. he is more likely to get big stuff done. savannah, this is a key question. >> it is. and the president has banked on the fact that the election will solve these issues, litigate the issues of whether the bush tax i breaks should be...
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Nov 27, 2012
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so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally, have the president do that. i don't think that's what they want to do right now. in the past, congress has had to raise that debt limit. and as you know, house republicans aren't playing around. they don't want to raise the debt limit, don't want to spend more money. if you're a tea party freshman or sophomore now, that's the only issue you ran on. i'm not going to expand the size of government and that is the blink moment for them. i don't think there's a majority of republicans in the house that would vote to increase the debt limit unless forced to by jo
so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally,...
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Jan 3, 2013
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the fiscal cliff, wrote the washington post, in a nod to marco rubio voting no on the deal, while paul ryan in a surprise move to some voted yes. standing by house speaker john boehner. ryan explained his yes vote this way saying, "i came to congress to make tough decisions, not to run away from them." rubio, the rising florida senator, had a different view on the matter saying, i appreciate all the hard work that went into avoiding the so-called fiscal cliff, nevertheless, i cannot support the arrangement they have arpg arrived at." it should also be noted that kentucky senator rahn paul who said he may run for president in the tradition of his father, also voted no. then, of course, you had a visibly angry chris christie yesterday who has no qualms about taking a few swipes at his own party when it benefits him politically. at a testy press conference, christie also reverted to tradition by chewing out a reporter, which was red meat for a base of republicans who might otherwise question his more moderate positions. all of which is to say the usual behind the scenes 2016 maneuvering i
the fiscal cliff, wrote the washington post, in a nod to marco rubio voting no on the deal, while paul ryan in a surprise move to some voted yes. standing by house speaker john boehner. ryan explained his yes vote this way saying, "i came to congress to make tough decisions, not to run away from them." rubio, the rising florida senator, had a different view on the matter saying, i appreciate all the hard work that went into avoiding the so-called fiscal cliff, nevertheless, i cannot...
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Dec 14, 2012
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. >>> and a senior gets ready to ride over the fiscal cliff after decades in washington. find out what he thinks about changing the senate's rules and working with five presidents. he's the latest in our senate spit interview interviews. i'm chuck todd. susan rice will not be the next secretary of interstate, even after the prospect of her being the next secretary of state. susan rice announcing her decision yesterday to nbc's brian williams. >> i didn't want to see a c confirmation process that was very prolonged, very politicized, very distracting and very disruptive. because there are so many things we need to get done as a country. >> were you set up? were you a victim of circumstance? bad data, bad information? >> i'm not a victim, i wasn't set up. you know, brian, i think it's best. i know who i am. i see myself on the television screen in all my different outfits. we're in a sad place, frankly when national security, national security officials, who are sitting in their jobs, serving the american people every day, and potential candidates for secretary of state get
. >>> and a senior gets ready to ride over the fiscal cliff after decades in washington. find out what he thinks about changing the senate's rules and working with five presidents. he's the latest in our senate spit interview interviews. i'm chuck todd. susan rice will not be the next secretary of interstate, even after the prospect of her being the next secretary of state. susan rice announcing her decision yesterday to nbc's brian williams. >> i didn't want to see a c...
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Nov 12, 2012
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cliff, where the debate turns in washington after the election. let's remind our viewers what we mean when we talk about the fiscal cliff. this is what is happening at the end of the year. the bush tax cuts expire, so taxes go up. the emergency unemployment benefits end. the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the sequester. half of that in defense. also non-defense cuts are triggered. that's what has to be averted, senator coburn. and here's my bottom line question. my view is that if there's a mandate from this election it's about compromise in washington. so what pain do republicans have to accept to get to a deal in your judgment? >> well, i think you heard the speaker of the house put forward that they're ready for the president to lead. they're ready to agree to revenue increases. but i think they're also interested in making sure that we downsize appropriately the fede
cliff, where the debate turns in washington after the election. let's remind our viewers what we mean when we talk about the fiscal cliff. this is what is happening at the end of the year. the bush tax cuts expire, so taxes go up. the emergency unemployment benefits end. the 2011 payroll tax holiday expires. the alternative minimum tax kicks in. taxes automatically go up. plus, at the same time, you have nearly $1 trillion in spending cuts that are automatic. that's what we mean by the...
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Dec 13, 2012
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cliff negotiations in washington, d.c. nbc's mike viqueira is standing by on capitol hill. mike, i guess the big head line to come out of this other than the old christmas adage about the ifs, ands, buts, is the fact it's tied mainly to negotiation? >> yeah, if you spend any time around here, andy, two things are going to happen to you as a reporter, you're going to be insulted by john boehner, and you're going to hear him say ifs ands and buts were nuts -- would you put something on the floor that didn't have a majority of republicans to vote for? that really is a threshold question. what he's asking, would you allow a vote on allowing those tax rates for the richest mer e americans to go up, would you allow the house of representatives to vote on it? hedging response from speaker john boehner which is in itself interesting. basically what we have here, back to square one. there's no visible movement. i'm told over the course of yesterday there were no phone calls. whatever meetings or conversations took place, it went ab
cliff negotiations in washington, d.c. nbc's mike viqueira is standing by on capitol hill. mike, i guess the big head line to come out of this other than the old christmas adage about the ifs, ands, buts, is the fact it's tied mainly to negotiation? >> yeah, if you spend any time around here, andy, two things are going to happen to you as a reporter, you're going to be insulted by john boehner, and you're going to hear him say ifs ands and buts were nuts -- would you put something on the...
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Dec 28, 2012
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according to a recent study, the fiscal cliff gridlock in washington has taken a tol. a new survey by the conference board shows levels in the first half of december falling to the lowest level since august. an unexpectedly sharp decline. the survey indicates that consumer anxiety stems from worries about the fiscal future and not from the current state of the economic. >> that's completely true. if you look at a lot of economic indicators they're good. the housing market is stabilizes and unemployment is ticks down. companies that have a lot of cash on balance sheets, but this december drop in can confidence, it's hard to think about what this would be about, if not the cliff. >> it's what you said. if you noted you may face thousands of dollars in increases if you're a married couple in taxes, if you're existing on unemployment insurance that may not be there in january, why would you go on a shoppi ping spree or shopping all if you can avoid it? people keep saying, well, it won't be that bad for long. that's according to how long you have money. if you're middle cla
according to a recent study, the fiscal cliff gridlock in washington has taken a tol. a new survey by the conference board shows levels in the first half of december falling to the lowest level since august. an unexpectedly sharp decline. the survey indicates that consumer anxiety stems from worries about the fiscal future and not from the current state of the economic. >> that's completely true. if you look at a lot of economic indicators they're good. the housing market is stabilizes...
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Jan 12, 2013
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one of the big parts of the fiscal cliff is the sequester and washington kicked that can down the road and they'll deal with that in two more months and that will be another fiscal cliff, so i think that it's a real possibility, and it's also something that every time this happens, and it really does put the economy in jeopardy and you remember in the summer of 2011 the nation had its credit rating downgraded so the effects in the economy is quite real and serious and that's what's at the backdrop of all of this. >> kristen welker, we'll check back in with you later in the show. >> it's beginning to sound like a broken record on capitol hill as they start to gear up with the political fight, and is there a way for the white house to bypass congress and avoid another battle. jonathan allen and msnbc's, and perry bacon, jr., with the conversation. jonathan, you covered the hill and do so extensively and "the washington post" is reporting that democratic senate leaders are advising the white house to go arc comed do that and bypass congress on this issue. i'll show everybody this letter t
one of the big parts of the fiscal cliff is the sequester and washington kicked that can down the road and they'll deal with that in two more months and that will be another fiscal cliff, so i think that it's a real possibility, and it's also something that every time this happens, and it really does put the economy in jeopardy and you remember in the summer of 2011 the nation had its credit rating downgraded so the effects in the economy is quite real and serious and that's what's at the...
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despite what steve might tell you watching fiscal cliff nonsense in washington can make you feel powerless. our next guest is here with the tips on how to make -- take some of you power back. joining us is rick newman, chief business correspondent for "u.s. news & world report" and author of "rebounders." so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be armageddon right off the bat. i mean, it is worth pointing out we hear the humongous figures like $500 billion in tax increases and stuff like that. most of those will not affect people until it's time to fill out the tax returns and won't happen until 2014. say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestion
despite what steve might tell you watching fiscal cliff nonsense in washington can make you feel powerless. our next guest is here with the tips on how to make -- take some of you power back. joining us is rick newman, chief business correspondent for "u.s. news & world report" and author of "rebounders." so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be...
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Dec 29, 2012
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now, there are a lot of dumb things about this fiscal cliff time bomb that washington is about to set off, but this one right here, this may take the cake as the single stupidest thing we could possibly do in this economy. providing unemployment insurance to people without jobs in addition to being the right thing to do, it is crazy stimulative. it is stimulus on steroids. when you give people money to spend and they don't have a job, when they done have any other money coming in. you know what they do with that money? they spend it. they spend pretty much all of it. they spend it on gas, on groceries, on bills, on rent, on clothing for their children. that is real money, and it goes right back into the real economy, to be spend again. it is not like tax cuts, where a big chunk gets saved. this money gets spent and spent quick. it helps the economy. cutting that off, all at once, means you take that money out of an economy, just beginning to get back on its feet. earlier this year, the congressional budget office looked at the economic impact of unemployment insurance. they found exte
now, there are a lot of dumb things about this fiscal cliff time bomb that washington is about to set off, but this one right here, this may take the cake as the single stupidest thing we could possibly do in this economy. providing unemployment insurance to people without jobs in addition to being the right thing to do, it is crazy stimulative. it is stimulus on steroids. when you give people money to spend and they don't have a job, when they done have any other money coming in. you know what...
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so ryan, we've got the president heading back to washington to head off the fiscal cliff. but he's also got some second term appointments on his agenda. one being the next secretary of defense. did you expect to see chuck hagel of all people so embattled from both sides? >> well, yes, sort of. yourn, you know that john mccain hates the guy. you know, he -- and he didn't create a lot of friends toward the end of his time and throughout most of his time as a senator. because he didn't really tow the party line on policy. he broke with republicans on the iraq war. and so he oftentimes would give democrats a way of saying what they were doing was bipartisan and then had the sheen of the veblt of a guy like hagel so it's this guy that's been a thorn in their side the whole time. now here he is he might be elevated to secretary of defense. and you could see that's going to bother the same types of people that seem to be bothered by every other person that's floated by obama. and that's mccain and graham and those fellas. >> but we've heard about this mccain not liking or hating
so ryan, we've got the president heading back to washington to head off the fiscal cliff. but he's also got some second term appointments on his agenda. one being the next secretary of defense. did you expect to see chuck hagel of all people so embattled from both sides? >> well, yes, sort of. yourn, you know that john mccain hates the guy. you know, he -- and he didn't create a lot of friends toward the end of his time and throughout most of his time as a senator. because he didn't...
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with america on the fiscal cliff, sorry, will washington elect to make the tough choices? [ male announcer ] how do you trade? with scottrader streaming quotes any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorptio citracal slow release. >>> why are upset? >> they said i can't vote. >> why can't you vote? i'm not 18 years old. >> how does it make you feel? >> like i'm feeling. >> certainly a tough night for that little boy, i guess. but also for republicans who are hoping to pick up some seats in the u.s. senate. i'm here in the nation's capital where the face of congress is
with america on the fiscal cliff, sorry, will washington elect to make the tough choices? [ male announcer ] how do you trade? with scottrader streaming quotes any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another...
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for more on the deal, joining me now, our resident fiscal cliff deal experts, "the washington post" ezra klein, and jared bernstein, since joe biden was so key in putting together this deal, give me your take on the deal. >> look, i think the deal was kind of a small step in absolutely the right direction. i'm not quite as bullish in many ways as you just sounded, although i thought your argument was very compelling. i kept telling myself as i listened to you, i thought this was kind of dysfunctional the way you just went through it. made it sound a lot better. and i thought you made a lot of compelling points, lawrence, look i thought the revenue was a little bit light. i also thought the debt ceiling, the sequester, hits again, comes back in march, the automatic spending cuts. i thought the estate tax, the democrats met the republicans a little bit more on their side of the field on that one. but look, the general point moves in the right direction. $600 billion in revenue over ten years. the unemployment, i don't think you mentioned a set of refundable tax credits to help the low inco
for more on the deal, joining me now, our resident fiscal cliff deal experts, "the washington post" ezra klein, and jared bernstein, since joe biden was so key in putting together this deal, give me your take on the deal. >> look, i think the deal was kind of a small step in absolutely the right direction. i'm not quite as bullish in many ways as you just sounded, although i thought your argument was very compelling. i kept telling myself as i listened to you, i thought this was...
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yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke, you're hearing from the american people. just get this done. finally, the president faced foreign policy flare-ups around the world this year. its aftermath eroded confidence in obama's overall foreign policy rating. public approval for the president has bounced back to pre-benghazi levels. 52% approve, 40% disapprove. his potential pick for secretary of state, she is taking on water. u.n. ambassador susan rice's personal rating upside down. first time we've ever tested her. a third of the voters say they don't know who she is. that's amazing that only a third of voters doesn't know who she is. among those w
yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke,...
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to resolve the so-called fiscal cliff. it's boehner and other gop leaders aren't going to herd 433 lawmakers back to town with nothing to do. when you hear that, and you know what's been going on and what's expected of you in the new year, what are your hopes for something small, maybe not as ambitious as a grand bargain but something small getting done before january 1st? >> i would like to see a grand deal. but we should do something. too many people hurt, folks i have gotten several calls from individuals. talking about christmas dinner, individuals, even in my home who are unemployed saying that, you know, unemployment runs out if we don't do anything. i have some others talking about scenario they would be placed in and had to explain to them what would or would not happen on january 1st. i'm hoping to do something and the speaker comes up with something so his folks agree on to keep america and americans moving forward. >> as we talk about when's taken place in washington, d.c. and speaker boehner's plan "b" that did
to resolve the so-called fiscal cliff. it's boehner and other gop leaders aren't going to herd 433 lawmakers back to town with nothing to do. when you hear that, and you know what's been going on and what's expected of you in the new year, what are your hopes for something small, maybe not as ambitious as a grand bargain but something small getting done before january 1st? >> i would like to see a grand deal. but we should do something. too many people hurt, folks i have gotten several...
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cliff, a bipartisan group of governors arrives in washington for a meeting. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan, but rather to point out, as gary mentioned, as governors, we think it's important that we have a seat at the table. >> flash point serious, secretary clinton in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince william leaves the hospital after visiting kate. she remains hospitalized for severe morning sickness. good day. i'm amount li-- andrea mitchell live in washington. the senate has managed to vote on something, rejected a u.n. treaty to extend rights to the blind and disabled, rights that have been the law of the land here in the united states since 1990. despite an emotional appearance from bob dole just out of walter reed, 89 years old, a passionate advocate for equal rights for the disabled since his first speech on the senate floor in 1969. joining me for our daily fix, kra, managing editor of post politics.com and capito
cliff, a bipartisan group of governors arrives in washington for a meeting. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan, but rather to point out, as gary mentioned, as governors, we think it's important that we have a seat at the table. >> flash point serious, secretary clinton in brussels where nato leaders are sending patriot anti-defense missiles to turkey and warning syria of any thought of using chemical weapons. prince william leaves...
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then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot of gold and come up with comprehensive immigration reform, but now we are starting to see some fractures, some discussion that certain elements of the republican party are not going to be okay with a comprehensive immigration reform package. where do you stand on this? do you think that -- >> it's interesting. do think the process helped the gop among latino voters? >> no. no. it's interesting, alex, because the same people that love a tax amnesty hate apparently citizenship possibilities for 11 million people that have been here for many years. many of them have children and grandchildren born i
then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot...
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you talk about the fiscal cliff. rg3's knee, that's the story in washington today. redskins fans holding their breath as griffin was helped off the field. backup, curt cousins. 36 seconds left. connecting with pierre garcon for the touchdown. cousins was running the two-point conversion, we're headed to overtime. headed for 28. just over 1:00 gone punting to richard crawford. he gets to the 10 yard line. sprints up the sideline. finally run down the field after a 64 yard run sets up a 34 yard field goal to try to win it. it's good! redskins come back 31-28. they move to 7-6. >> after the game of course everyone wants to know how's his knee doing? mri came back negative for a torn acl. the diagnosis of sprained right knee. >> you're a doctor too in addition to a lot of guys. >> renaissance man. >> 245es very good. >>> the giengts needing a win over the saints to hold onto the nfc east lead. first quarter giants down a touchdown. this is david wilson. slightly fast. the rookie from virginia tech finds a little daylight. gone. kicker, come on, harley. he tried. well, w
you talk about the fiscal cliff. rg3's knee, that's the story in washington today. redskins fans holding their breath as griffin was helped off the field. backup, curt cousins. 36 seconds left. connecting with pierre garcon for the touchdown. cousins was running the two-point conversion, we're headed to overtime. headed for 28. just over 1:00 gone punting to richard crawford. he gets to the 10 yard line. sprints up the sideline. finally run down the field after a 64 yard run sets up a 34 yard...
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the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very passionate about the things that brought me to the congress in the first place and i hope to continue to stay in that fight. so, i don't have any of those emotions of feeling like a negative feeling at all. >> are you in the same place? you were in a very close race. >> i guess a little bit different. the number one take away is the absolute privilege of being able to serve the 14 years that i served you can't help but look back and be really appreciatative that i had the opportunity to be here and make my mark. no doubt there is a grieving period when you lose an election, but i worked quickly through
the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very...
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cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more unions will be reeling. their penetration, the private sector is something like 7% of the private sector work force is unionized, and i have to say -- i don't use words like this very often, i thought some of the governor's comments were kind of orwelian to suggest this was a pro-worker move. it's clearly a move that may help businesses, but what a kick in the teeth to autoworkers unions, who as you correctly point d out, gave a lot back to help the auto industry get back on its feet, the notion that we had to do this now with this lame-duck session because they raised it in some other proposition is bizarre to me, and
cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more...
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as the fiscal cliff looms overall in washington, what happened to the immigration debate we all expected after election day? and leading into this holiday weekend, thousands of flights being delayed, look at the list here as a winter storm hits the midwest, we will tell you what is ahead for the travel plans. we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are both positive and feel something can get done. while both sides are away, the away and president in hawaii, can they get something done? >> reporter: well, look, richard, this will be a working vacation for president obama and i can also tell you that staffers on both sides of pennsylvania avenue will be in tal
as the fiscal cliff looms overall in washington, what happened to the immigration debate we all expected after election day? and leading into this holiday weekend, thousands of flights being delayed, look at the list here as a winter storm hits the midwest, we will tell you what is ahead for the travel plans. we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be...
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. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some
. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've...
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let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal...
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about the fiscal cliff negotiations shaking his head about what if. what is the future for mitt romney within the republican party, if any? >> well it doesn't appear that there's going to be a whole lot of one by his own choice. my colleague did an exhaustive look at what he's been doing. what he's not doing is involving himself in anyway in the political debate. when john mccain lost or john kerry lost they had day jobs to go back to on the hill so thermometer automatically and instantly involved in the debate pep isn't but not showing any inclinton acceleration to be even though we're in a crisis at this moment, particularly the republican party is crying out for some sort of leadership to have somebody to move people along to a compromise. he conceivably could be that man but he seems to be very much looking intern fiscally. >> it's a small sliver of people alive that can understand exactly what the governor is going through now. but certainly not within the heightened style of election process that we go through now. one romney adviser compared ro
about the fiscal cliff negotiations shaking his head about what if. what is the future for mitt romney within the republican party, if any? >> well it doesn't appear that there's going to be a whole lot of one by his own choice. my colleague did an exhaustive look at what he's been doing. what he's not doing is involving himself in anyway in the political debate. when john mccain lost or john kerry lost they had day jobs to go back to on the hill so thermometer automatically and instantly...
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we're fighting about that in washington on the fiscal cliff, too. >> let me -- last question for you, suppose the republicans they don't like the uaw's liberal point 6 view on politics. >> none of our dues dollars goes to -- very, very little. we raise our money for politics through voluntary contributions. the money that members pay in dues goes to pay for the representation they get. >> okay. well said. let me go to mr. hagerstrum. why are republicans and your organization against unions because this is pretty much a union gutting operation. you would like to see -- you work for the koch brothers. they don't like unions. why are you working for them? >> you know, i work for americans for prosperity. this is not about the koch brothers. >> who is paying your salary? >> i work for americans for prosperity -- >> who is paying your salary? >> americans for prosperity. i came here to talk about the policy and -- >> who is paying your salary to do it? who is paying your salary to do what you're doing right now? >> i just told you. americans for prosperity. >> what is that? >> we've been a
we're fighting about that in washington on the fiscal cliff, too. >> let me -- last question for you, suppose the republicans they don't like the uaw's liberal point 6 view on politics. >> none of our dues dollars goes to -- very, very little. we raise our money for politics through voluntary contributions. the money that members pay in dues goes to pay for the representation they get. >> okay. well said. let me go to mr. hagerstrum. why are republicans and your organization...
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. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious differences on both sides. >> we're not going to have any social security cuts at this stage, it just doesn't seem appropriate. i still hold out hope we can get something done but i'm not overly optimistic but i am cautiously optimistic. >> republicans pushed back on claims by democrats that the social security benefit measurement, which is known as the chained cpi and basically would reduce the amount of money that senior citizens get under social security, was part of the republican plan. in any case, that is off the table. senator john mccain posted this on twitter, most of us
. >>> meantime, the fiscal cliff stand-off in washington continues. at this late hour the senate and house of representatives both went into recess, still no deal. republican senate leader mitch mcconnell reached out to vice president joe biden to help reach an agreement. two men who have served as their party's closers, so to speak, on tough deals before. senate majority leader harry reid says he plans to have a plan up for a vote tomorrow morning. although there are serious...
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. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort of expecting a deal, expecting that lawmakers will somehow come to a consensus here. in terms of long-term planning, this is difficult for businesses who don't know what the tax situation is going to be for the next year. it's that uncertainty. so many businesses have such difficulty, and a lot of folks do say that there are a lot of hires that would have been made in the economy right now. new jobs created. new people added to existing companies that haven't happened as a result of this hangover ove
. >> on a less happy note, there are economists who are saying this whole fight over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news...
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, d.c., the fiscal cliff and gun control legislation. in the senate, though, you have a couple supporters, john mccain and marco rubio. who else out there on the right might be coming after support for immigration reform? >> i think we're also going to see folks from the border lands region, folks who have actual day-to-day experience with the reality of immigration and know we have to do something, we can't just be kicking the can down the road. the problem, though, richard is going to be with the house. this is again where the republicans have the majority and as we've been seeing with the fiscal cliff there is not a lot of wiggle room. we're going to have to see compromise. the last immigration reformabout in 1986 took both republicans and democrats working together. it can't be just a democratic lift. >> thank you victoria defrancesco soto. this is something we'll be watching over the next two to four years. >> and coming up, the controversy over keeping fast food chains open on christmas. i, it has to work. ♪ make just one someone
, d.c., the fiscal cliff and gun control legislation. in the senate, though, you have a couple supporters, john mccain and marco rubio. who else out there on the right might be coming after support for immigration reform? >> i think we're also going to see folks from the border lands region, folks who have actual day-to-day experience with the reality of immigration and know we have to do something, we can't just be kicking the can down the road. the problem, though, richard is going to...
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. >>> optimism over the fiscal cliff is fading in washington but not on wall street. they continue to believe a deal is coming. the market rundown is next. and from secretary of state to new york city mayor, michael bloomberg's crazy speculation today allowed hillary clinton's future. remember who the deputy mayor is in new york city. maybe it's not so crazy. but first, today's trivia question. how many current senators are named john? any spelling of the name counts. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. >>> a packed radar this morning. new reports that hillary clinton got a special job pitch. apparently so did david p
. >>> optimism over the fiscal cliff is fading in washington but not on wall street. they continue to believe a deal is coming. the market rundown is next. and from secretary of state to new york city mayor, michael bloomberg's crazy speculation today allowed hillary clinton's future. remember who the deputy mayor is in new york city. maybe it's not so crazy. but first, today's trivia question. how many current senators are named john? any spelling of the name counts. you ever notice...
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to blame republicans and just 27% the president if they don't agree on a fiscal cliff. we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the congress then gets its act together to fix it and lower rates on the middle class, you will have the republicans essentially responsible for raising tax rates on the middle class. i can't imagine, again, bill krystal said this yesterday. i can't imagine why the republicans would want to be known as raising tacks xes on t middle class. >> thank you both. next, the president reacts to speaker boehner. stay with us. this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice.
to blame republicans and just 27% the president if they don't agree on a fiscal cliff. we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in...
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in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you showed at the opening of the program with keith boykin over and over again showing the dysfunction of congress. they made this so onerous with the belief it would make them do something less onerous and now they're right up against it. >> they really know how to make these crises happen. political correspondent and writer, john howard, thank you very much for joining me and former labor secretary robert reich, thank you for joining me tonight. >>> coming up, the nra has done much more damage than you think. and they've made gun ownership much harder to trace. >>> and the romneys keep trying new explanations for why mitt lost. but they aren't getting any closer to the truth. and as some of you on twitter already know, i am wearing a christmas gift or two on the show tonight. there is still time to tweet your guesses ab
in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the absurd. >> well, and look at the tape you showed at the opening of the program with keith boykin over and over again showing the dysfunction of congress. they made this so onerous with the belief it would make them do something less onerous and now they're right up...